Who pays who?        Who pays what at closing?

Realtors get paid on a commission basis, usually 5 to 6 percent of a home’s sales price, which is split between the listing broker and the buyer’s agent. Fees come out of the sellers’ proceeds while buyers generally pay nothing to the agent who represents them.

Most buyers are surprised to learn that real estate commissions come from the “sell side” of a deal. Meaning, the fees get worked out between a seller and their listing agent when a house is put up for sale. Then when the home is sold, the seller’s agent splits the listing fee with the buyer’s agent. Thus, buyers aren’t on the hook for any costs, just the sellers.  By far, the most common practice is to follow the age-old commission split between the listing broker and the buyer’s representative.

Splits between agents are normally 50/50, so if a listing agent procures a 6% listing fee, the buyer and seller agents will each receive 3% when the deal is done.

Concerning closing costs,